Bitcoin's Recent Drawdown Proves Its More Than Just a Leveraged Tech Play
- On Wednesday, Bitcoin's price rallied, surpassing $83,500 after hovering in the $70,000s range, following key news.
- President Trump's announcement of a 90-day pause on reciprocal tariffs for negotiating partners spurred market optimism.
- The pause on tariffs, except for those on China , boosted tech stocks and crypto markets.
- Analyst Merlijn noted Bitcoin traded in a falling wedge; analysts see resistance at $84,500 and a target of $88,000.
- This policy shift injected optimism into risk assets like Bitcoin, which analysts say is showing resilience and maturity.
65 Articles
65 Articles
Bitcoin's Recent Drawdown Proves Its More Than Just a Leveraged Tech Play
The U.S. dollar index (DXY) has fallen below 100 and gold has surged to new all-time highs as escalating tariffs have heightened global economic uncertainty. Consequently, asset prices have taken a hit—most notably in the tech sector and cryptocurrencies. Since reaching its all-time high of $109,000 in January, bitcoin (BTC) has declined approximately 26%. When compared to the "Magnificent Seven" tech stocks, bitcoin’s drawdown sits right in the…
Trump Signs Bill Blocking IRS Crypto Tax Rule Biden Pushed
President Donald Trump signed legislation to block an Internal Revenue Service rule that would have forced some cryptocurrency brokers to provide tax information on transactions conducted on their platforms, delivering another victory to the digital asset industry he has vowed to champion in office.
Bitcoin Price Prediction as Trump Pauses Tariffs: When Will Bitcoin Hit $100K
Bitcoin is rising as US President Donald Trump halts his aggressive tariff plans for US trading partners. This Bitcoin price prediction explores the potential ramifications of the latest tariff news on Bitcoin and what that could also mean for the promising meme coin, BTC Bull Token. Trump Prepared to Talk Business Trump has put the […] The post Bitcoin Price Prediction as Trump Pauses Tariffs: When Will Bitcoin Hit $100K appeared first on Moder…
Trump Pauses Tariffs, Businesses Welcome Relief, Trump Targets Former Officials : Up First from NPR
President Trump has hit pause on nearly all new tariffs for 90 days. Businesses struggle to plan for the future amid economic uncertainty. And President Trump has signed executive orders targeting two individuals who served in his first administration. Want more comprehensive analysis of the most important news of the day, plus a little fun? Subscribe to the Up First newsletter.Today's episode of Up First was edited by Roberta Rampton, Rafael Na…
Bitcoin jumps above $82,000 after President Trump pauses some tariffs: CNBC Crypto World
On today's episode of CNBC Crypto World, President Trump's 90-day pause on tariffs for some countries sends cryptocurrencies soaring. Also, the European Securities and Markets Authority warns that crypto poses a risk for financial stability. And Tiago Sada, chief product officer at Tools for Humanity, addresses scrutiny over its data collection practices through World's iris-scanning Orbs.
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